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An Analysis of Mattel, Inc. (MAT)’s Potential Price Growth

In a filing, Mattel, Inc. revealed its President, Chief Comm Officer TOTZKE STEVE unloaded Company’s shares for reported $0.85 million on May 13 ’24. In the deal valued at $18.90 per share,45,216 shares were sold. As a result of this transaction, TOTZKE STEVE now holds 101,902 shares worth roughly $1.91 million.

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Then, TOTZKE STEVE sold 4,900 shares, generating $92,610 in total proceeds. Upon selling the shares at $18.90, the President, Chief Comm Officer now owns 147,118 shares.

Before that, TOTZKE STEVE sold 23,662 shares. Mattel, Inc. shares valued at $446,999 were divested by the President, Chief Comm Officer at a price of $18.89 per share. As a result of the transaction, TOTZKE STEVE now holds 152,018 shares, worth roughly $2.86 million.

JP Morgan downgraded its Mattel, Inc. [MAT] rating to a Neutral from a an Overweight in a research note published on February 05, 2024; the price target was decreased to $19 from $24. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid January from “an Overweight” to “an Equal-weight”. ROTH MKM also remained covering MAT and has decreased its forecast on January 04, 2024 with a “Neutral” recommendation from previously “Buy” rating. Citigroup started covering the stock on October 20, 2023. It rated MAT as “a Buy”.

Price Performance Review of MAT

On Monday, Mattel, Inc. [NASDAQ:MAT] saw its stock jump 0.70% to $18.79. Over the last five days, the stock has gained 0.64%. Mattel, Inc. shares have fallen nearly -0.48% since the year began. Nevertheless, the stocks have risen 1.40% over the past one year. While a 52-week high of $22.64 was reached on 03/13/24, a 52-week low of $16.20 was recorded on 01/17/24. SMA at 50 days reached $19.05, while 200 days put it at $19.64. A total of 2.78 million shares were traded, compared to the trading of 2.32 million shares in the previous session.

Levels Of Support And Resistance For MAT Stock

The 24-hour chart illustrates a support level at 18.70, which if violated will result in even more drops to 18.60. On the upside, there is a resistance level at 18.93. A further resistance level may holdings at 19.07. The Relative Strength Index (RSI) on the 14-day chart is 51.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.53%. Stochastics %K at 39.69% indicates the stock is a holding.

The most recent change occurred on September 27, 2023 when Morgan Stanley began covering the stock and recommended ‘”an Overweight”‘ rating along with a $27 price target.

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